Let's say the dollar completely dies off next week?
What would happen to us? Would it be Venezuela?
How would apartments handle rent? If the dollar is worth nothing?
Does this mean they would need to kick everyone out? Will there be chaos in the streets and people harming each other for food?
How do you think it will play out?
Here's the thing. You can't use previous examples of hyper inflation when making a predictive model of what would happen in the US. Why? Well it's simple. We're not a socialist nation. Every other example of hyper inflation happened in a moderately socialist nation. In places like Venezuela, they disarmed their citizens. In Japan, they were already disarmed by the post WW II treaties. So in every known example of hyper inflation, the people were disarmed and couldn't fight back against the overbearing government that caused it.
The US is obviously different. No only do we still have our guns, we have more guns than every other nation on the planet combined. This would probably be the final nail in the coffin before people (both normies and patriots) snap and pull a full on reverse coup against various state, local, and even the federal government. When everyone feels like they've lost literally everything and can no longer even afford to live the most meager peasant lifestyle because of the actions of a government they view as illegitimate in the first place, they'll not just riot. They'll drag politicians out into the street Benghazi style to execute them in the public square as an example.
And the thing is, no one could stop it. Not the police. Not the military. Not the UN. No one. Assume every single firearm in the US lies with 10% of our population. Not even remotely true, but I'm intentionally undercounting. That's roughly 34 Million armed, angry, people calling for the blood and death of every single politician and corporate leader in the nation. By comparison, the combined standing army of the three largest militaries in the world (USA, Russia, and China) is about 10 Million strong including reserves.
That's the main difference here. When hyper inflation hits, SOMEONE is getting blamed. And it's almost always the government and ruling class. The difference between the US and every other example, is that we still have the means to enact bloody vengeance on them for ruining our lives. Hence the fear they have since we're on track for this, but they haven't managed to get our guns.
So to answer your question in a blunt manner. One of three scenarios would occur. Either what I just described happens and we have an armed revolution overnight, which while possible, I personally don't believe is part of the plant.
Option two is a scenario like what happened in Japan. Reformat the current monetary system by increasing denominations of your currency to reflect inflation and enter "Zombie economy" territory where your economy does grow, quite rapidly at that. But you'll never be able to pay off your debt due to it growing at an equal rate to your economic growth.
Option three, the most likely in my opinion, is that it comes about as a controlled demolition where there will be chaos for a short period of time (A week or two) followed by a white hat takeover, and a debt default. Which would put us in an Iceland scenario where our currency is suddenly infinitely more valuable because it's not weighed down by the national debt anymore, and a large portion of it will be retired and pulled from circulation. This would of course, be followed by a new Gold Standard system which would further invigorate and revalue the USD, resulting in revival of the middle class and lowered cost of living across the board given we'll be back to a cost of living similar to what people had in the 50's, but with somewhat lowered modern wages. (40K in 1950 is like 120K today, so if people will see their wages lowered, but they'll go MUCH FURTHER.)
Best comment here! Exactly this and I vote for option three!
Hence your user name🐸
Always! And yours too lol
😁❤👌
Thanks for this!
This DOES NOT DESERVE to be tucked away as an innocuous little comment. It deserves its own post, and that post deserves to be stickied.
Thank you Cathole!
100% agree. Hmm cathole...any relation to catturd?🐸
great response.
it should be noted that both good guys and bad guys have guns.
Wild frontier time.
If “The Plan” is to be believed (and I personally am a believer) do you really think that after decades of planning the white hats wouldn’t have figured this one out? 😏It will all fall into place. They will have already decided on currency’s to be utilized. Gold backed I assume. Nobody would be “kicked out” of their homes during a global emergency. Besides who’s gonna do it? The collapsed central banks?! We’re all gonna be just fine. 🙂
‘Dogs and cats living together…real wrath of God type stuff’ - Ghostbusters
...howls...
I believe I can see silver and gold making a comeback, and maybe money will be used as toilet paper?
Bitcoin collapsing?
I believe our new “dollar” will be like what was envisioned by President Kennedy either silver backed or gold backed, crypto is one of those weird things we just don’t know ...
Going crypto and dumping the American dollar is it Democrat wet dream ❓
Not defi tho
Look, its quite possible that there will be a point in time where temporarily this may happen, even if its an illusion, it might feel real. It would be part of the "precipice" because people need to experience the things they had in store for us.
However, my belief is, this will happen if at all at the very end stages of this Plan, and soon after this a benign new financial system would be rolled out, and people's savings will be fine.
That said, its never a bad idea to hedge yourself by investing a bit of your savings in what you consider a safe asset during trying times. I myself prefer silver.
Dollar will not die according to Trump. Right now, the entire world would be chaotic if the dollar died.
I do believe there will be some pain felt, but not Venezuela or people in the streets.
Even if it does, many currencies have died in the past, and usually there is some sort of orderly transition into a new one.
Debt holders and pensioners will take a little bit of a haircut. Everyone will need to tighten their belts a little. Government spending will need to be reduced going forward (this is a good thing).
Dollar value is only relative to other world currencies. If the dollar plummets the Volkswagen becomes much more expensive, but the Ford 150 stays the same price. An advantage of living in a country that can grow its own food and make its own products.
$USD won't die first. Other currency failures will occur first and will send investors to the only apparent safe haven left - the $USD. If anything, there will be a period where the $USD is strengthening in relation to other currencies during the "run to safety".
When and how long that will last is anybody's guess..
If that happens next week, it's time to hunker in the bunker (I should trademark that)
why next week?
All trade would grind to a halt. Without trade, everyone will run out of everything eventually, some sooner than others. As people's needs rise, so would disorder. What comes next depends on the response.
Utter chaos and anarchy within hours. Everything would shut down because no one would show up for work.
So this means I would get kicked out of my apartment??
No. You have a lease. The hotel owners are the ones who get screwed
How many people rent in this country? I don't see that happening
I’ll take a shot at this. Over the course of this year prices on things, particularly essential items will start to skyrocket. Empty shelves will become common as people stockpile. Banks will steadily increase rates to the point most consumers likely won’t be able to pay their debt unless they have a fixed rate. Businesses will start to lay people off and collapse, compounding the above issues.
Meanwhile the Biden admin will print money hand over fist, but it will mostly go to banks and their allies. The average person will be struggling to get by and hoping not to be laid off. Many will lose their houses and it will make 2008 look like a game. Some of the printed money will get thrown to the masses but it will be too little too late. Enough to buy some rations but not enough to keep your house.
After a few years the dollar will be almost valueless and banks will have foreclosed on over 20 percent of the properties. If the Dems are still in power they’ll lease these to their base to buy loyalty, but no one will own or be able to own the property. If you think the non vaccinated got unfairly treated during covid, then wait and see how the ‘haves’ (upper middle class only) get treated as people around them lose everything. There will be a full scale push for a communist regime to restore order and redistribute wealth for fairness.
If that is the case.
Then Trump is lying to us.
Well, the above scenario is the one where no one swoops into save us. Of course the scenario is the opposite if all of a sudden the deep state is prosecuted, debts are wiped clean, and a constitutional currency is created.
I hear you.
We will find out.
So this guy is saying TRUMP is FULL OF SHIT!!!
I really think it now depends on what Russia does. If Russia bands together with other countries to start a new system.
This plan will fail.